Suncor Energy Inc T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.

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Suncor Energy Inc > TotalEnergies CAVES: Suncor Gets 100% Fort Hills For C$ 1.5B

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Comment by mrbbon Oct 04, 2023 6:52pm

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Post# 35670006

RE:RE:TotalEnergies CAVES: Suncor Gets 100% Fort Hills For C$ 1.5B

i have said before about this waiting and re-negotiating game, TotalEnergies will blink first and will be the one calling SU. SU has the bargaining advantage as it can wait this out, 1 yr, 2 yr, etc. TotalE can't. The longer TotalE drags this out, the more they lose. Paying CAD 24,000 per flowing barrel is sweet, plus the 650 P+P gravy (reserves) is bonus.

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